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Good Morning SqueezeFinders,
The $QQQ tech index on Friday made a massive move to new all-time highs, having touched 664.51 before closing at 663.88 (+1.91%). In overnight trading, the $QQQ tech index made more new all-time highs, so we can either expect continued bullish euphoria, or some long-overdue profit-taking through the day if the bulls can ever lose grip of the market. The bulls only really need to get at all prepared for a short-term pullback if we lose the 645 level, and then watch for the old all-time high as a pivot (old resistance test as new support) at \~635. The main directional sentiment determinants for today are a mix of the below-detailed economic data releases, and also any continued developments regarding the situation in the Middle-East. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track irregularities in our data, or check out our automated trading robot, SqueezeBot to get an edge on the market without having to stare at the screen all day long. We just released the results for the month of March for SqueezeBot, and it was a shocking winrate of 74.63%, average gain was \~2.29% per trade (fixed % profit-taking scalps enabled). We allow for 3%, 5%, or 10% fixed profit-taking parameters. Check out SqueezeBot today!
🥇 Gold: \~$4,700/oz (-0.7%)
🥈 Silver: \~$75.5/oz (-1.2%)
🪙 Bitcoin: \~$78.3k/coin (+0.9%)
🛢️ Oil: \~$96.20/barrel (+1.9%)
Today's economic data releases are:
🇺🇸 2-Year Note Auction @ 1:00PM ET
🇺🇸 5-Year Note Auction @ 1:00PM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $SMCI
Squeezability Score: 49%
Juice Target: 58.3
Confidence: 🍊
Price: 29.09 (+8.7%)
Breakdown point: 26.0
Breakout point: 35.9
Mentions (30D): 4
Event/Condition: Accelerated plans to scale rack production to 6,000 units monthly with heavy emphasis on direct liquid cooling solutions supporting explosive AI demand + launch of compact energy-efficient edge AI systems using AMD EPYC processors broadening addressable market into intelligent edge applications + announcement of upcoming Q3 fiscal 2026 earnings on May 5 providing key update on revenue trajectory and AI server backlog + Recent price target 🎯 of $28 from JP Morgan + Recent price target 🎯 of $25 from Mizuho + Recent price target 🎯 of $32 from Rosenblatt
5. $BLBD
Squeezability Score: 44%
Juice Target: 111.5
Confidence: 🍊 🍊
Price: 65.01 (+2.3%)
Breakdown point: 60.0
Breakout point: 65.5
Mentions (30D): 2
Event/Condition: Completion of full ownership of the Micro Bird joint venture through acquisition of Girardin Group's stake strengthens control over the small bus segment and expands overall product portfolio + appointment of experienced engineering leader Lyndon Lie as Senior Vice President bolsters innovation capabilities amid ongoing growth in electric and low-emission school bus demand + successful deployment and unveiling of 15 electric Type C school buses to Bibb County School District with supporting charging infrastructure highlights real-world adoption and momentum in fleet electrification + Recent price target 🎯 of $78 from Needham + Recent price target 🎯 of $72 from Freedom Broker + Recent price target 🎯 of $65 from BTIG
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